Product Code: SR1423A100_Report
The global microgreens market size reached US$ 1,522 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,470 Million by 2028, exhibiting a growth rate (CAGR) of 8.3% during 2023-2028.
Microgreens are seedlings and shoots of vegetables, grains and herbs with edible stems, cotyledons, or seed leaves, and true leaves. They are very small in size and can be grown locally at home or in small commercial facilities and harvested using small-scale equipment. Microgreens have an intense aromatic flavor and are a rich source of various essential nutrients, such as antioxidants, protein, vitamins, minerals and fiber. They include numerous plant families and can be used for growing cauliflower, broccoli, lettuce, carrots, dill, garlic, onion, amaranth, quinoa, beet, spinach, cucumber and melon. In comparison to vegetable sprouts, the roots and seeds of microgreens are not consumed. Regular consumption of microgreens can aid in preventing chronic medical ailments, managing weight, enhancing immunity and promoting mental well-being.
Microgreens Market Trends:
- The increasing adoption of innovative vertical and indoor farming practices is one of the key factors driving the growth of the market. Consumers are increasingly adopting these environment-friendly hydroponics, aeroponics and aquaponics practices to enhance the yield and quality of value-rich crops and minimize the utilization of additional resources, such as nutrients, water, energy and space. Moreover, rising health consciousness among the masses is providing a thrust to the market growth. Microgreens exhibit anti-inflammatory properties that aid in minimizing the risks of developing cancer, cardiovascular disorders, diabetes, hypertension and high blood pressure. Additionally, the widespread product adoption in the manufacturing of cosmetic and personal care products with natural and organic ingredients and essential oils is acting as another growth-inducing factor. Microgreens also widely used as colorful and attractive garnishes on various food and beverages. Other factors, including the implementation of favorable government policies promoting sustainable agricultural practices, along with the increasing expenditure capacities of the consumers on premium, functional and nutrient-rich food products, are anticipated to drive the market toward growth.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global microgreens market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, farming method, end use and distribution channel.
Breakup by Type:
- Broccoli
- Cabbage
- Cauliflower
- Arugula
- Peas
- Basil
- Radish
- Others
Breakup by Farming Method:
- Indoor Vertical Farming
- Commercial Greenhouses
- Others
Breakup by End Use:
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Retail Stores
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being 2BFresh (Teshuva Agricultural Projects Ltd.), AeroFarms, Bowery Farming Inc., Farmbox Greens LLC (Charlie's Produce), Fresh Origins, GoodLeaf Farms (TruLeaf), Gotham Greens, Living Earth Farm, Madar Farms, Metro Microgreens and The Chef's Garden Inc.
- Key Questions Answered in This Report
- 1. What was the size of the global microgreens market in 2022?
- 2. What is the expected growth rate of the global microgreens market during 2023-2028?
- 3. What has been the impact of COVID-19 on the global microgreens market?
- 4. What are the key factors driving the global microgreens market?
- 5. What is the breakup of the global microgreens market based on the type?
- 6. What is the breakup of the global microgreens market based on the farming method?
- 7. What is the breakup of the global microgreens market based on the end use?
- 8. What is the breakup of the global microgreens market based on the distribution channel?
- 9. What are the key regions in the global microgreens market?
- 10. Who are the key players/companies in the global microgreens market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Microgreens Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Broccoli
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Cabbage
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Cauliflower
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Arugula
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Peas
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Basil
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Radish
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
- 6.8 Others
- 6.8.1 Market Trends
- 6.8.2 Market Forecast
7 Market Breakup by Farming Method
- 7.1 Indoor Vertical Farming
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Commercial Greenhouses
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Others
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by End Use
- 8.1 Residential
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Distribution Channel
- 9.1 Supermarkets and Hypermarkets
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Retail Stores
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Others
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 2BFresh (Teshuva Agricultural Projects Ltd.)
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 AeroFarms
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Bowery Farming Inc.
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 Farmbox Greens LLC (Charlie's Produce)
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 Fresh Origins
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 GoodLeaf Farms (TruLeaf)
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Gotham Greens
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 Living Earth Farm
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 Madar Farms
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 Metro Microgreens
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 The Chef's Garden Inc.
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio